RE: Official list. Fca19 May 2024 20:08
Lloyd not sure that's how it works.
Clients would deposit their own money into 'a bank'
That money would then be traded in fiat/stablecoin.
Gst wouldn't need that amount of money as stabelcoins are pegged to fiat, I.e 1 GGBP = £1. The value doesn't change. So the more clients deposits into their accounts the more Gst can make on exchange rates etc. The Neo bank deals with clients money, they should also have insurance etc.
Gat have now appeared on Fca's official list, my question was, have they always been there, or have they appeared recently, like in March 24 or were they already on it? If that is a recent addition, that's fantastic news for the company.